 "SI Reporter")
SI Reporter
SI Reporter
The Business Standard's Smart Investor (SI) reports focus on in-depth analysis and timely news concerning strategic investment trends, business deals, and financial manoeuvres within the corporate world.
The Business Standard's Smart Investor (SI) reports focus on in-depth analysis and timely news concerning strategic investment trends, business deals, and financial manoeuvres within the corporate world.
Page 896 - Si Reporter
Markets face a fall as China PMI hits 6-1/2-year low
China Caixin PMI fell to a six and a half year low citing fears about the health of China's economy
 "Markets face a fall as China PMI hits 6-1/2-year low")
Sensex surges over 200 points; Nifty aims 7,900 mark
Index heavyweights ITC and Infosys were the top gainers along with ICICI Bank, HDFC Bank
 "Sensex surges over 200 points; Nifty aims 7,900 mark")
Tide Water surges on open offer from Standard Greases & Specialities
Standard Greases & Specialities made an offer to acquire 226,512 shares translating to 26% of Tide Water Oil's equity
 "Tide Water surges on open offer from Standard Greases & Specialities")
Markets remain choppy; Nifty hovers around 7,800
The top gainers from the Sensex pack are NTPC, Coal India, ITC, HDFC Bank, Vedanta and M&M
 "Markets remain choppy; Nifty hovers around 7,800")
BHEL slips after Crisil downgrades debt outlook
Crisil downgraded its outlook on BHEL's long-term bank facilities to 'negative' from 'stable'
 "BHEL slips after Crisil downgrades debt outlook")
Pratibha Inds rises on securing orders worth Rs 376 crore
The stock hit a high of Rs 35.70 and a low of Rs 33.45 so far during the day
 "Pratibha Inds rises on securing orders worth Rs 376 crore")
Metal shares falter as China PMI hits 6-1/2-year low
Tata Steel lost over 2%, Vedanta eased 1.7%, Hindalco dipped 0.7%, NALCO dropped 0.4%, SAIL lost 1%, Jindal Steel slumped 1.3%, NMDC gave off 2.3% and JSW Steel cracked 4%
 "Metal shares falter as China PMI hits 6-1/2-year low")
Mindtree launches learning center in Bhubaneshwar; Stock up by 1%
The stock opened at Rs 1,472 and touched a high of Rs 1,499
 "Mindtree launches learning center in Bhubaneshwar; Stock up by 1%")
Markets end sharply lower; Nifty ends below 7,800
Banks were among the top losers along with select index heavyweights while IT shares trimmed early gains
 "Markets end sharply lower; Nifty ends below 7,800")
MMTC rises 5% as board okays ICEX stake sale
The stock opened at Rs 43.55 and touched a low of Rs 45 on the NSE
 "MMTC rises 5% as board okays ICEX stake sale")
Castrol India gains as Wadala unit closure not to impact financial performance
The company said that Wadala unit closure will not impact financial performance or operations.
 "Castrol India gains as Wadala unit closure not to impact financial performance")
Markets remain rangebound; Metals under pressure
The broader markets are, however, outperforming their larger peers with BSE Midcap and Smallcap indices trading higher by 0.5% and 0.8% each
 "Markets remain rangebound; Metals under pressure")
L&T Finance gains after Bain Capital picks up 10.2% stake
The stock opened at Rs 68.10 and touched a high of Rs 68.45 on the BSE
 "L&T Finance gains after Bain Capital picks up 10.2% stake")
Motherson Sumi cracks 6% on Volkswagen woes
Volkswagen admitted that it had falsified emissions tests of diesel-powered vehicles in the United States
 "Motherson Sumi cracks 6% on Volkswagen woes")
State Bank of Mysore advances post revision of base rates
The stock opened at Rs 420 and touched an intra-day high of Rs 433.05
 "State Bank of Mysore advances post revision of base rates")
Atlas Cycles (Haryana) surges over 40% in four days
The stock hit a high of Rs 234.90 and a low of Rs 221.50 so far during the day
 "Atlas Cycles (Haryana) surges over 40% in four days")
Markets trim gains; Defensive shares shine
Renewed buying interest by the FIIs as cooling inflation and progress of monsoons hint for a rate cut by the RBI lifted the sentiments
 "Markets trim gains; Defensive shares shine")
Mindtree rallies after being selected by Molnlycke Healthcare for IT solutions
The stock opened at Rs 1,424 and touched a high of Rs 1,488 on the BSE
Nifty reclaims 8,000 mark on strong global cues
On the sectoral front, all sectoral indices are trading in green with BSE IT and Realty gaining 1% each
 "Nifty reclaims 8,000 mark on strong global cues")
Infosys gains on securing three-year contract from TOMS Shoes
The stock opened at Rs 1,115 and touched a high of Rs 1,123 on the BSE
 "Infosys gains on securing three-year contract from TOMS Shoes")